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January 2019 North Okanagan Real Estate Market Report

Brenda Ellis

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Apr 3 2 minutes read


Based information reported to OMREB by REALTORS® between January 1st – 31st

Condo/Apartments

Sales

8

New Listings

21

Current Inventory

65

Number of Months

8

Sell/Inv. Ratio

12.31%

Days to Sell

47

Days – Range

12 to 47

Average Price

$238,250

Median Price

$215,500

Price - Range

$154,000  -  $400,000

Hottest Neighbourhood

Vernon City



Condo/Townhouses

Sales

16

New Listings

38

Current Inventory

127

Number of Months

8

Sell/Inv. Ratio

12.60%

Days to Sell

78

Days – Range

14 to 283

Average Price

$291,300

Median Price

$283,500

Price - Range

$160,000  -  $435,000

Hottest Neighbourhood

Armstrong/Spall


Lots & Acreages

Sales

8

New Listings

37

Current Inventory

261

Number of Months

33

Sell/Inv. Ratio

3.07%

Days to Sell

322

Days – Range

18 to 1,827

Average Price

$311,438

Median Price

$247,500

Price - Range

$85,000  -  $870,000

Hottest Neighbourhood

Coldstream


Residential Family Homes

Sales

52

New Listings

77

Current Inventory

284

Number of Months

5

Sell/Inv. Ratio

18.31%

Days to Sell

101

Days – Range

5 to 329

Average Price

$483,059

Median Price

$462,000

Price - Range

$95,000-  $1,250,000

Hottest Neighbourhood

Armstrong/Spall


Ratio of Sales vs Inventory                 14.79%

PLEASE NOTE: Average prices indicate market trending only. They do not reflect actual prices which vary from house to house and area to area. The Median sale price is the midpoint of sales during the month. The Average and Median Sold Prices are for Single Family Homes and do not include Residential Waterfront Properties.

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